Paraguay (PRY) and Guatemala (GTM) Trade | The Observatory of Economic Complexity

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Paraguay-Guatemala Trade: In 2022, Paraguay exported $10.7M to Guatemala. The main products that Paraguay exported to Guatemala were Soybean Oil ($4.45M), Packaged Medicaments ($2.93M), and Other Animals ($752k). Over the past 5 years the exports of Paraguay to Guatemala have increased at an annualized rate of 26.1%, from $3.36M in 2017 to $10.7M in 2022.

In 2022, Paraguay did not export any services to Guatemala.

Guatemala-Paraguay Trade: In 2022, Guatemala exported $2.66M to Paraguay. The main products that Guatemala exported to Paraguay were Iron Structures ($1.1M), Pesticides ($272k), and Brooms ($251k). Over the past 5 years the exports of Guatemala to Paraguay have increased at an annualized rate of 11.8%, from $1.52M in 2017 to $2.66M in 2022.

In 2022, Guatemala did not export any services to Paraguay.

Comparison: In 2022, Paraguay ranked 81 in the Economic Complexity Index (ECI -0.34), and 103 in total exports ($10.1B). That same year, Guatemala ranked 76 in the Economic Complexity Index (ECI -0.2), and 84 in total exports ($16.4B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Paraguay exported $10.7M to Guatemala. The main products exported from Paraguay to Guatemala were Soybean Oil ($4.45M), Packaged Medicaments ($2.93M), and Other Animals ($752k). During the last 5 years the exports of Paraguay to Guatemala have increased at an annualized rate of 26.1%, from $3.36M in 2017 to $10.7M in 2022.

In 2017, Guatemala exported $2.66M to Paraguay. The main products exported from Guatemala to Paraguay were Iron Structures ($1.1M), Pesticides ($272k), and Brooms ($251k). During the last 5 years the exports of Guatemala to Paraguay have increased at an annualized rate of 11.8%, from $1.52M in 2022 to $2.66M in 2017.

Exports from Paraguay () to Guatemala () (2022)

Exports from Guatemala () to Paraguay () (2022)

Latest Data

Trade between Paraguay () and Guatemala ()

Paraguay Exports

Date

Guatemala Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Paraguay
Top DestinationBrazil$3.67B

Guatemala
Top DestinationUnited States$5.23B

This map shows whether countries import more from Paraguay or Guatemala. Each country is colored based on the difference in imports they receive from Paraguay and Guatemala or the difference in the growth in imports.

In 2022, countries that imported more from Paraguay than Guatemala included Brazil ($3.67B), Argentina ($1.91B), and Chile ($1.16B).

In 2022, countries that imported more from Guatemala than Paraguay included United States ($5.23B), El Salvador ($2.03B), and Honduras ($1.58B).

Difference in imports from Guatemala () and Paraguay () (2022)

Comparative Advantage Paraguay - Guatemala

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

This chart compares trade between Paraguay and Guatemala by product, considering products traded by both, Paraguay and Guatemala.

During 2022, Paraguay had a large net trade with Guatemala in the exports of Animal and Vegetable Bi-Products ($4.59M), Chemical Products ($2.94M), and Vegetable Products ($1.44M).

During 2017, Guatemala had a large net trade with Paraguay in the exports of Metals ($1.12M), Chemical Products ($816k), and Miscellaneous ($322k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Paraguay Guatemala+$1.23MSoybean Oil

Top Product Potential Guatemala Paraguay+$283kPlastic Lids

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Economic Complexity

Competitive Landscape

Year

This visualization shows the product space at the HS4 level with the flags of Paraguay and Guatemala. This means that a dot/product with the flag of Paraguay indicates it has a comparative advantage over Guatemala. Similarly, a dot/product with the flag of Guatemala indicates it has a comparative advantage over Paraguay.

About

Historical Data

Bilateral Trade by Products

Exports from Paraguay () to Guatemala () (2022)

Exports from Guatemala () to Paraguay () (2022)

Latest Data

Trade between Paraguay () and Guatemala ()

Paraguay Exports

Guatemala Exports

Market Competitiveness

Difference in imports from Guatemala () and Paraguay () (2022)

Comparative Advantage Paraguay - Guatemala

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Paraguay () and Guatemala () (2022)

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